Commonwealth Fund August 15, 2022
Toplines
The Inflation Reduction Act will make health care more accessible and affordable by extending premium subsidies in the Affordable Care Act’s marketplaces and lowering prescription drug prices and out-of-pocket costs for Medicare patients
Medicare negotiations to lower drug prices in the Inflation Reduction Act are projected to reduce government spending by approximately $100 billion over 10 years
Millions of Americans struggle to afford their out-of-pocket health care costs and premiums. The Inflation Reduction Act (IRA), which is expected to be signed by President Biden into law this week, makes notable strides toward improving the affordability and accessibility of health care by addressing two acute areas of consumer need: extending premium subsidies in the Affordable Care Act’s (ACA) marketplaces and...